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Consultation on future of RPI to begin on 11 March

Chancellor Sajid Javid has confirmed that consultation on the future of the Retail Prices Index - used to set many annual pension scheme increases - will begin when he presents his Budget on 11 March.

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RPI measure could be killed off - but not yet

Chancellor Sajid Javid has rejected a call to kill off in the near future the Retail Prices Index (RPI) measure of inflation – a figure used for the indexation of many pensions and financial products.

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CPI inflation rises in April from 1.9% to 2.1%

The Consumer Prices Index (CPI) 12-month rate was 2.1% in April 2019, up from 1.9% in March.

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Inflation falls to lowest since March 2017

UK inflation fell slightly from 2.4% to 2.3% in November bringing it to its lowest level since March 2017.

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